WCG Wealth Advisors LLC Invests $6.65 Million in Cameco Corporation $CCJ

WCG Wealth Advisors LLC bought a new position in Cameco Corporation (NYSE:CCJFree Report) (TSE:CCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 72,650 shares of the basic materials company’s stock, valued at approximately $6,647,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCJ. Nisa Investment Advisors LLC purchased a new stake in shares of Cameco in the 4th quarter worth approximately $25,000. Founders Capital Management purchased a new stake in shares of Cameco in the 4th quarter worth approximately $27,000. Strategic Advocates LLC purchased a new stake in shares of Cameco in the 3rd quarter worth approximately $28,000. Sunbelt Securities Inc. grew its stake in shares of Cameco by 928.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after buying an additional 325 shares during the last quarter. Finally, Delos Wealth Advisors LLC grew its stake in shares of Cameco by 60.0% in the 3rd quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock worth $34,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of CCJ opened at $114.81 on Thursday. The business’s fifty day simple moving average is $113.68 and its two-hundred day simple moving average is $108.30. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 12 month low of $59.10 and a 12 month high of $135.24. The company has a market cap of $50.00 billion, a price-to-earnings ratio of 106.31, a P/E/G ratio of 2.04 and a beta of 0.99.

Cameco (NYSE:CCJGet Free Report) (TSE:CCO) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. Research analysts anticipate that Cameco Corporation will post 1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CCJ shares. Zacks Research downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada upped their price target on Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Sanford C. Bernstein restated an “outperform” rating and issued a $147.00 price target on shares of Cameco in a research note on Thursday, February 5th. The Goldman Sachs Group restated a “buy” rating and issued a $131.00 price target on shares of Cameco in a research note on Wednesday, February 4th. Finally, Weiss Ratings downgraded Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Cameco presently has an average rating of “Moderate Buy” and an average price target of $148.62.

Read Our Latest Stock Report on Cameco

About Cameco

(Free Report)

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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